Agios Q2 revenue jumps on US commercial launch of AQVESME

Agios Pharmaceuticals

30/07/2026 11:46

Overview
U.S. rare disease drugmaker's Q2 product revenue rose sharply
Net loss for Q2 narrowed year-over-year
Growth driven by U.S. AQVESME launch and European approval of PYRUKYND

Outlook
Agios expects to advance cevidoplenib into Phase 3 for ITP in H1 2028
Company plans to start Phase 2/3 development of AG-236 for polycythemia vera in H2 2026
Agios expects current cash and revenue to fund launches and pipeline advancement

Result Drivers
U.S. LAUNCH OF AQVESME - Revenue growth was driven by the U.S. commercial launch of AQVESME (mitapivat) in thalassemia
EUROPEAN APPROVAL - Ex-U.S. revenue reflected demand for PYRUKYND (mitapivat) in Europe after approval for thalassemia
HIGHER OPERATING EXPENSES - R&D and SG&A expenses increased due to licensing costs and commercial launch activities

Company press release: ID:nGNX1BYxFd

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Total Revenue
Beat
$44.75 mln
$25.52 mln (10 Analysts)
Q2 Net Loss
 
$100.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy"
Wall Street's median 12-month price target for Agios Pharmaceuticals Inc is $46.00, about 31.4% above its July 29 closing price of $35.01

Reuters Recommended Reads
July 28 - Italy's Recordati H1 revenue rises 6.6% on rare diseases segment growth
July 29 - Biogen beats quarterly estimates as newer drugs drive growth
July 28 - Kiniksa Pharmaceuticals Q2 product revenue rises on ARCALYST sales

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)